Here you have found your perfect piece of paradise to build your forever home on. Indian Lake Estates is one of a kind. It offers a 7500 acre lake, Lake Walk In Water, which is world renowned for bass fishing. This lake is equipped with a marina, boat ramp, and it actually has the longest freshwater fishing pier and Florida. The beautiful beach on the lake is ready for a day of the Florida sunshine with your family. A pavilion is located at the front of the pier and is equipped with propane grills and picnic tables. The amenities of this gated community include an 18 hole golf course, clubhouse, library, fitness room, tennis courts, and a pro shop. Don't forget the little café and grab that lunch or dinner on your way home from a great day of golfing. Polk County is known for Bok, Tower which is a national landmark. The Westgate River, Ranch Resort, and Rodeo is only about five minutes away. You are about an hour east from Vero beach and a little over an hour from Disney world. Take a drive and a peek and see if this is the place for you to build your next home.
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Our Executive Mortgage Banker:
Our Insurance Division:
$19,500
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $15,600 | $15,600 | $15,600 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $104 | $104 | $134 |
Total Monthly Payment | $179 | $179 | $209 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.